The process and practice of owning, selling and managing properties is witnessing a change for the better, thanks to PropTech (property technology). When you think of how online banking transformed the way we carry out their financial activities, that is how PropTech is transforming real estate and many other sectors.
What is Prop Tech?
Visualize searching online for the perfect apartment in Mohali with just a few clicks or getting a 360-degree view of the place without stepping into it. Such like virtual tours and many more are enabled by PropTech. The entire real estate sector is adapted to technology, from the search for properties to the management of them.
Below are the impactful changes brought in with Prop Tech.
Optimized Searches: PropTech platforms gather information concerning your specifications and monetary constraints before suggesting ideal places. You can search by a number of factors, such as geographical area (which is helpful when looking for a flat in Mohali!), room orientation, amenities, and even distance from your office.
Preview of Real Properties: If you’re unable to visit a house in person, there is no need to worry. These days, PropTech also offers realistic 3D views and even virtual reality of a place that you intend to visit saving a lot of time in the actual visit.
Effortless Interaction: PropTech services eliminate the need to engage in lengthy negotiations. Buyers and sellers or real estate agents can communicate instantly without missing the related issues into time-consuming emails. Interactions can include messaging, setting meeting times and asking questions, among others, all in one place.
Yet PropTech is Not Attractive Enough to Eliminate Real Estate Agents and Their Tradition
Although PropTech advancing the processes of searching and showing homes helps, it does not in any way eliminate the necessity of a great realtor in Mohali. Here’s why:
Insider Information: A superior agent in Mohali will have an extensive understanding of the local market, its dynamics, prospective projects, property rates and trends within the various neighborhoods. Such information is critical in making sound choices when it matters most.
Bargain: This is not the case with PropTech, if one is to talk about getting the best price for that house of your dreams. It is the responsibility of a professional realtor to fight for you so that the house you want comes at the right price.
Step by Step Support: Purchasing or selling a piece of property is a lot of work and entails a lot of documents as well as legal procedures. There is a professional realtor who will hold your hand through the entire process making sure all is well and in order.
Prop Tech and Real Estate Agents: A Winning Team Prop Tech is revolutionizing how real estate is consumed thanks to modern technology, but the need for real estate agents will never come to end. An efficient methodology is one that emphasizes their implementation.
